Here is a clean, standalone summary of 87 Libra Street, written for direct webpage display.
Overview & Buyer Suitability
This is a home built in 2020 that competes well on space and value within its immediate street, while offering a clear advantage in age compared to the wider city. Its key characteristic is a strong living area (1,535 sqft) that ranks in the top 15% on Libra Street and the top 29% citywide. The lot size (2,869 sqft) is notably generous for the street itself—ranking in the top 7%—but is smaller than typical for the broader Winnipeg area, meaning outdoor space is a relative premium here rather than a sprawling yard.
The appeal lies in the balance of a modern build with above-average interior square footage at an assessed value that sits very close to the street and city averages. It is not the cheapest or most expensive option on the block, but it offers newer construction (top 3% citywide) without the price tag that usually accompanies it. This makes the property well-suited for buyers who want a move-in-ready home that feels spacious inside, values a newer build over a large lot, and prefer a home that is competitively priced relative to its immediate neighbours rather than the neighbourhood as a whole.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The assessed value of $384,000 is slightly above the street average of $377,300 but noticeably below the neighbourhood average of $442,900. This suggests the home is priced competitively for its street, but is a relative value when compared to the broader West Kildonan Industrial area.
2. Is the lot size considered small or large for this property type?
It depends on the frame of reference. The lot is one of the largest on Libra Street (top 7%), so it stands out locally. However, it is well below the citywide average for comparable homes (ranked in the bottom 9%). It is ideal for someone who wants more outdoor space than their direct neighbours, but not a large yard by Winnipeg standards.
3. Why is the home ranked "Elite" for year built citywide, but only average on its street?
The home was built in 2020. Because many homes on Libra Street were also built around 2020, it is not unusual there. But compared to the entire city of Winnipeg—where the average comparable home was built in 1966—a 2020 build is exceptionally new, placing it in the top 3% of all city properties.
4. How does the living area compare to the neighbourhood average?
The home’s 1,535 sqft is larger than both the street average (1,412 sqft) and the citywide average (1,342 sqft). However, it is slightly smaller than the neighbourhood average of 1,591 sqft. A buyer gets more interior space than most homes on the street, but not quite as much as the typical home in the wider West Kildonan Industrial area.
5. What does the "top 15%" ranking for living area on the street actually mean?
It means that out of 46 comparable homes on Libra Street, this property has a larger living area than approximately 85% of them. This is a useful metric for buyers who prioritize interior square footage and want to ensure they are getting a home that is notably spacious relative to its immediate neighbours.